📊Technical analysis $WLFI /USDT — 15min/1h timeframe
Current price ≈ 0.1222 USDT +15.94% rise, sharp rally from ~0.099–0.103 lows, accelerating upside with green candles.
Price action & Bollinger Bands: Price near upper BB (UP ~0.1288, MB ~0.1171, DN ~0.1054). Bands expanded on up move, price hugging upper band — overbought extension, potential short-term pullback/consolidation.
Volumes: Current ~197M, MA(5) ~363M, MA(10) ~312M — volume spike on recent green candles (strong buying pressure), now elevated on upside. Watch for dry-up on dips or surge on green.
Key indicators:
• MACD: Strongly positive (DIF 0.0048, DEA 0.0046, MACD 0.0002), histogram bullish — momentum up.
• RSI(6/12/24): 57.60 / 64.34 / 65.76 — approaching overbought (RSI12/24 >60–65), exhaustion/pullback signal possible. Uptrend with overbought conditions + upper BB hug suggest short-term pullback likely before next leg up.
🟢 Long (moderate-high risk) Entry: 0.120–0.123 (current or dip to MB) TP1: 0.128–0.130 TP2: 0.135–0.140 SL: 0.117–0.118 R/R: ~1:3+ Comment: Good if RSI pullback + volume on green. Momentum favors continuation/scalp on dip.
🔴 Short (moderate risk) Entry: 0.128–0.130 (fade at upper extension/resistance) TP1: 0.122–0.120 TP2: 0.115–0.110 SL: 0.133+ R/R: ~1:3+ Comment: Strong if rejection at resistance + MACD divergence. Counter-trend if overextension fades.
⚠️ Most likely scenario now Short-term pullback/consolidation from overbought levels (RSI>60–65 on longer periods) towards MB (~0.117) or slightly lower. Then possible continuation higher if strong volume support. Longs have structural edge in explosive uptrend; shorts only on clear rejection signals. High vol — tight risk, watch RSI/volume closely.